S 448
116th Congress
Senate
Taxation
Employee benefits and pensions
Higher education
Income tax deductions
Student aid and college costs
Graduate Student Savings Act of 2019
Introduced: February 12, 2019
Introduced by:
Warren, Elizabeth
Democratic
· Massachusetts
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 12, 2019
Read twice and referred to the Committee on Finance.
Feb 12, 2019
Introduced in Senate
Plain-English summary
Graduate Student Savings Act of 2019
This bill allows funds paid to an individual to aid in the pursuit of graduate or postdoctoral study or research to be saved in an Individual Retirement Account (IRA). The bill permits the funds to be considered compensation for purposes of current law provisions that limit annual deductible IRA contributions to the lesser of (1) the deductible amount permitted under current law, or (2) the compensation includible in the individual's gross income for the year.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1